Contractor News_May 2016
In this month’s issue… Claiming Unclaimed Property!
Author: Fred Gray
Fred Gray is the owner and President of Gray Systems, Inc and is a licensed general contractor in the state of Florida. Fred has been part of the Community Association Manager Continuing Education industry in Florida since 1988.
CAM Newsletter_May 2016
In this month’s issue… Complying with F.A.C. Rule 61-20.003
Question about Application Fees
Hi Mr. Gray, We are a local Condominium Association, and have a question about application fees. We have been charging an application / background check fee for prospective buyers and tenants. We raised the fee recently to $250, which includes all document requests, background check, estoppels, etc. Is there a cap by the State of […]
What is RESPA?
Question: Can you provide a description of RESPA that we real estate agents could possibly use to explain it to our clients? Answer: RESPA, or the Real Estate Settlement Procedures Act is also commonly known as Regulation X and it was adopted in 1974. Reg. X was created to provide customers with timely and accurate […]
Real Estate Newsletter_May 2016
In this month’s issue… The Fair Credit Reporting Act
Electronic Membership Voting
Membership voting via an electronic or online system should increase voter turnout and make the process easier, but make sure you follow the rules for implementing such a system. Question: I am a community association manager for a condominium community. I believe a new law was added recently that allows members to vote electronically. My […]
Thank you! I passed!
Dear GSI, I am writing to let you know that I passed my CAM License Exam. I also wanted to let you know that your online review module is the best thing EVER!!! to study with, the information is great the format is great, and I would recommend any student to use it because it […]
A subtle difference in wording is a huge difference in meaning
Question: Could you please explain the difference between a registered contractor and a certified contractor? Answer: Section 489.105(8), F.S., states that a certified contractor is any contractor who possesses a certificate of competency issued by the Department and allowed to contract in any jurisdiction, usually a county, within the State of Florida without being required […]
Is a Special Meeting Required?
Dear Fred, 718.112(2)(1) and 718.1085 requires that the condo associations be retrofitted for fire sprinklers. My question is two part. 1. is a special meeting of the members required to attain the required majority vote for waiver or 2. is a mailing to the members sufficient to attain the required vote for waiver? Thank you, […]
Happy Easter!
